The jackpot for the Powerball draw on Wed Nov 26, 2025, is projected to be $681 Million, with an option for a cash payout of $315.7 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Wed Nov 26, 2025 |
|---|
| Draw Date | Wed Nov 26, 2025 | | Projected Jackpot | $681,000,000 | | Cash Value | $315,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $315,700,000 | | Federal Tax(24%) | $75,768,000 | | Additional Federal Tax | $41,001,330 | | State Tax(8.82%) | $27,844,740 | | Net Lumpsum Payment | $171,085,930 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,249,731 |
$3,752,731
$904,026 |
$5,592,974 |
| 2 |
$10,762,524 |
$3,942,464
$949,255 |
$5,870,805 |
| 3 |
$11,300,514 |
$4,141,521
$996,705 |
$6,162,288 |
| 4 |
$11,865,744 |
$4,350,656
$1,046,559 |
$6,468,529 |
| 5 |
$12,458,895 |
$4,570,122
$1,098,875 |
$6,789,898 |
| 6 |
$13,082,010 |
$4,800,674
$1,153,833 |
$7,127,503 |
| 7 |
$13,735,770 |
$5,042,565
$1,211,495 |
$7,481,710 |
| 8 |
$14,422,899 |
$5,296,803
$1,272,100 |
$7,853,996 |
| 9 |
$15,144,078 |
$5,563,639
$1,335,708 |
$8,244,731 |
| 10 |
$15,901,350 |
$5,843,830
$1,402,499 |
$8,655,021 |
| 11 |
$16,696,077 |
$6,137,879
$1,472,594 |
$9,085,604 |
| 12 |
$17,530,983 |
$6,446,794
$1,546,233 |
$9,537,956 |
| 13 |
$18,407,430 |
$6,771,079
$1,623,535 |
$10,012,816 |
| 14 |
$19,328,142 |
$7,111,743
$1,704,742 |
$10,511,657 |
| 15 |
$20,294,481 |
$7,469,288
$1,789,973 |
$11,035,220 |
| 16 |
$21,309,171 |
$7,844,724
$1,879,469 |
$11,584,978 |
| 17 |
$22,374,255 |
$8,238,805
$1,973,409 |
$12,162,041 |
| 18 |
$23,493,138 |
$8,652,791
$2,072,095 |
$12,768,252 |
| 19 |
$24,667,863 |
$9,087,440
$2,175,706 |
$13,404,717 |
| 20 |
$25,901,154 |
$9,543,757
$2,284,482 |
$14,072,915 |
| 21 |
$27,196,416 |
$10,023,004
$2,398,724 |
$14,774,688 |
| 22 |
$28,556,373 |
$10,526,188
$2,518,672 |
$15,511,513 |
| 23 |
$29,983,749 |
$11,054,318
$2,644,567 |
$16,284,864 |
| 24 |
$31,483,311 |
$11,609,155
$2,776,828 |
$17,097,328 |
| 25 |
$33,057,102 |
$12,191,458
$2,915,636 |
$17,950,008 |
| 26 |
$34,710,570 |
$12,803,241
$3,061,472 |
$18,845,857 |
| 27 |
$36,445,758 |
$13,445,261
$3,214,516 |
$19,785,981 |
| 28 |
$38,268,114 |
$14,119,533
$3,375,248 |
$20,773,333 |
| 29 |
$40,181,724 |
$14,827,568
$3,544,028 |
$21,810,128 |
| 30 |
$42,190,674 |
$15,570,880
$3,721,217 |
$22,898,577 |
|
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